Kyriba Surpasses $110M in Revenue in 2018, Anticipates 40% Growth This Year

Product Innovation, Expanded Leadership Team and Open Ecosystem Fuels
Global Growth

SAN DIEGO–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/FX?src=hash” target=”_blank”gt;#FXlt;/agt;–Kyriba,
the global leader in cloud treasury and finance solutions, today
announced it surpassed $110M in revenue in 2018, a significant milestone
for SaaS technology companies, and is anticipating 40 percent growth in
the new year.

Last year, Kyriba signed more than 229 new enterprise clients, including
Eastman Chemical, Eisai Co., Ltd., Hitachi High-Tech, Informa, Palo Alto
Networks, Peloton, Ripple Labs and many more. Kyriba is trusted by these
and other major brands to seamlessly connect their disparate financial
systems – banks, ERPs and other systems – so they can better mobilize
and protect their global cash and liquidity.

“We are grateful to our entire community – customers, partners,
employees – for helping us achieve these results, and for pushing us to
innovate faster and smarter on behalf of senior finance executives
looking to unlock growth and opportunity,” said Jean-Luc Robert,
Chairman and CEO, Kyriba. “We are excited to continue this trend in 2019
and beyond.”

Last month, Kyriba announced
it will acquire enterprise currency management leader FiREapps, to help
CFOs better manage potential losses from foreign exchange (FX)
exposures. The combination of the two companies will create the
industry’s most robust, end-to-end solution for managing FX risk.

2018 Highlights

  • Product Innovation – Kyriba launched several major new products
    last year, including a new business
    intelligence module
    , for enhanced data visualization and insight,
    as well as new lease
    accounting
    functionality, for streamlining the rigorous accounting
    requirements of IFRS 16.
  • Expanded Leadership – The company added several key additions
    to its management team, including Kevin Bryla, Chief Marketing
    Officer, who previously served as global CMO at ADP, and held
    executive positions at GE, Ingersoll Rand, and Trane; and Chief People
    Officer Tina Figueroa, a former senior executive at AdColony,
    theAudience and Cornerstone OnDemand.
  • Expanded Partner Ecosystem – Kyriba announced new partnerships
    and platform integrations with BlackRock,
    a global investment management corporation, and WorldFirst,
    the foreign exchange and international payments expert. These
    partnerships help create exclusive, premium value for Kyriba’s 2,000+
    clients worldwide.
  • Industry Recognition – Kyriba was recognized by technology
    analyst firm IDC as a leader for cloud-enabled treasury and risk
    management applications in 2017-2018, while also being named to the
    Fintech 250 by CB Insights. Kyriba clients also received recognition
    for their treasury innovation by the Association for Financial
    Professionals, Association of Corporate Treasurers, EuroFinance, Adam
    Smith, Alexander Hamilton, TMI and more.
  • New Headquarters – Kyriba officially named San Diego as its new
    global headquarters, where it now has more than 120 of its 600+ total
    employees worldwide.

For more information about Kyriba, visit the website or consider
attending its annual Kyriba
Live Treasury & Finance Summit
on March 4-8, 2019 in Las Vegas.

About Kyriba Corp.

Kyriba empowers financial leaders and their teams with award-winning
solutions for cash and risk management, payments and supply chain
finance. Kyriba delivers a highly secure, 100 percent SaaS enterprise
platform, superior bank connectivity and a seamlessly integrated
solution set for tackling today’s most complex financial challenges.
Thousands of companies, including many of the world’s
largest organizations, rely on Kyriba to streamline key processes,
protect against loss from fraud and financial risk, and accelerate
growth opportunities through improved decision support. Technology
analyst firm IDC recognized Kyriba as a global leader in its MarketScape
for SaaS and cloud-enabled treasury and risk management applications for
2017-2018. Kyriba is headquartered in San Diego, with offices in New
York, Paris, London, Tokyo, Dubai and other major locations. For more
information, visit www.kyriba.com.

Contacts

Daniel Shaffer, [email protected],
+1 858 263-2218

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